Ethereum closed September with its most robust quarterly performance in over four years, echoing the explosive gains last seen when its price first breached the $4,000 threshold in early 2021.
According to CoinGlass data, ETH rallied 48.7% in July and 18.8% in August, before losing ground in September with a modest 5% pullback.
Ethereum Price Quarterly Returns Since 2021 (Source: CoinGlass)
Even with that dip, the token ended the quarter up 66.6%, hitting an all-time high of $4,953.73 in August on the back of steady accumulation by corporate treasuries and renewed retail activity.
That momentum has spilled into October. CryptoSlate data shows Ethereum climbed another 4% this week to touch $4,300, a multi-week peak, supported by a broader rally that lifted Bitcoin and XRP.
What drove Ethereum’s price rally in Q3?
The most significant driver of Ethereum’s rally during the reporting period was the throng of institutional investors in the digital asset.
This is evidenced by the strong
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